RE: Outstanding Shares?You are right on number of shares. Profit is largely the result of foreign exchange gains. Further thoughts on the financials of CEE.... The Balance Sheet fundamentals are very strong. Current assets are $120M with current liabilities at $7M. Great also to know that all gold poured in Q4 2008 will be hedge free. The developmental expenses have been capitalized - hence the large capital base.No possibility of any bigger gold companies taking over as shares are tightly held by family and insiders. We are along for the ride. What is going to happen IMO is that they will drill up more and more gold and this will eventually offset the seemingly large share base. All I can see is that when compared to companies like Kinross, Yamana and Barrick for example, CEE will have a large advantage as it carries no hedges. Very smart move by the owners which will play out well in the long term. Gold in abundance was an ancient Egyptian heritage. A lot of it still lies fallow in that territory. Compared to the difficult permitting processes in America and Canada as well as the escalating costs of operation, CEE is in the right place.